Bitcoin's status as a store of value has been solidified with a market cap exceeding $1 trillion, prompting discussions about strategic Bitcoin reserves (SBRs) globally. Countries like the US, Germany, and Brazil are exploring SBRs, while corporations like MicroStrategy show that businesses are integrating Bitcoin into their balance sheets. The game theory of SBRs is compelling; countries must act quickly to avoid being front-run by others, particularly as the US considers an SBR. El Salvador's successful adoption of Bitcoin as legal tender enhances the case for SBRs, demonstrating economic benefits such as GDP growth and tourist influx. Furthermore, layer-1 blockchains could benefit significantly from maintaining Bitcoin in their treasuries, as it would outperform other asset holdings in both bull and bear markets. This brings to light the urgency for businesses and layer-1 protocols to act as first movers to capitalize on Bitcoin's value before traditional state actors make their moves. Those who delay risk falling behind in this rapidly evolving crypto landscape.

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